Fed raises target interest rate to 1.50-1.75 pct, sees two more rate hikes this year for total of three, sees three more in 2019

Market news

22 March 2018

Fed raises target interest rate to 1.50-1.75 pct, sees two more rate hikes this year for total of three, sees three more in 2019

Median projection sees Fed funds rate at 2.875 pct at end-2019 compared with 2.688 pct in dec forecast

Fed says economic outlook has strengthened in recent months

10-year U.S. treasury yield at 2.868 percent vs U.S. close of 2.907 percent on wednesday

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